Hello,
I am going to start my studies for the CFA Level 1 exam and plan to appear in December 2013. I would like to form a study group in Mumbai to discuss problems, share study tips, and increase my knowledge. Please let me know whether anyone is interested.
Cheers Continue reading
As per the title, is anybody able to explain the difference between the two?
My understanding is that for an equity account margin you only need to restore it to its maintenance margin. For example, if the stock price decreases, you have less margin to pay?
Whereas in a futures margin you need to restore the maintance margin to its initial level, regardless of the price of the future. So for example, if the future drops 80%, you will have to pay a margin which is greater than the value of the option?
Can someone please correct me and/or rephrase it please
I don’t really understand the concept of Sales Type lease from Lessor’s perspective. At the initiation lessor recognizes profit as if the asset is sold but then what happens when the lessor receive lease payments?
If those payments are receivables then what will the lessor do with the profit that was recognized at the initiation?
Can someone please clarify? Continue reading
Ok, so one question on a mock is twisting up my thoughts.
We know that CCC = Average days of receivables + average days of inventory - average days of payable.
You want this to be a low number. So you want average days of receivables and days of inventory to be low. You also want the average days of payables to be high.
So the questions shows 2 companies with weighted average collection period, inventory turnover, and payables turnover.
The weighted average collection period is in days, and the turnovers are in times: 7 times, 10 times, 9 times. Continue reading
So its quite obvious there will definetely be qusitons on leases on the the exam. capitalizing / expensing.
I dont get it.
Can someone please try to help explain this and what we should know? I understand they affect financial statements differently depending on if you lease the equipment or not.
Thanks! Continue reading
CFAI curriculum Vol 1, P.310
Anyone knows how to get the formula (6) on this page ? Continue reading
Hello,
i just started started CFA, and will appear in Dec 2013 exam.
i start my prep with schweser, but one of my friend suggest me to fo for ELAN notes, as they are much more comfortable than schweser.
kindly advice me, as this is the right time to start.
i appreciate your advice.
thank you
Qasim Continue reading
Hi,are there any students from Ghana.i need a study group.. Continue reading
I swear sometimes, I think I know something until I get hit in the head with a question like this:
“Gerri Kocimski, CFA, manages the portfolio of Alfred Tomba. Kocimski sends Tomba a letter requesting an update of Tomba’s financial situation. Tomba declines to answer the update questions but sends a check for $1 million, requesting that it be invested in growth stocks. If growth stocks are not suitable for Tomba according to the information Kocimski has on file, Kocimski should most appropriately: Continue reading
Hey!
So I have been practicing a lot of questions and have been doing a couple of mocks so far. I will do the last mock this Saturday and use Sunday to review it.
Next week I will be working from 9 to 5 monday to friday.
I am curious to know if there is a good review plan for my situation? Like if i can spend 1.5-2 hours next week per day, what should I do?
p.s. I would like to spend time reviewing ethics and reinforcing its concepts but I don”t think it is possible to read the whole book in less than 8 hours? Continue reading